Petrol, diesel costlier today, even as international oil rates slump

The surge in auto fuel rates continued unabated for the 37th time in 66 days with fuel retailers raising petrol price by 35 paise per litre and diesel by 9 paise on Thursday. Even as international oil prices fell sharply by over 5.5% in the last three days, pump prices of petrol and diesel moved in the opposite direction.

The latest revision of India’s domestic fuel rates has made petrol costlier by ₹10.16 per litre and diesel by ₹8.89 a litre since May 4, a day after the results of five assembly polls were declared. Petrol is now priced at ₹100.56 per litre and diesel at ₹89.62 a litre in New Delhi.

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